SAN DIEGO - July 25, 1996 - Qualcomm Incorporated (NASDAQ: QCOM) todayannounced that Global Van Lines, one of the nation's top ten householdgoods movers, has signed a multi-million dollar contract to outfit itsprincipal long haul fleet with the OmniTRACS mobile communications system.
Installation of the first 170 units has begun, with an additional 130trucks to be equipped within the next five years. This contract would equipabout half of Global's combined long haul and short haul, regional fleets.
"Our customers entrust us with their priceless possessions," said RobertFleisher, president and chief executive officer of Global Van Lines. "TheOmniTRACS system's real time communications will provide value-addedservices to increase cargo security and further enhance our customerservices."
The transportation of household goods accounts for 85 percent of Orange,Calif.-based Global Van Lines' business; the remainder is devoted to thetransportation of high value commodities, such as trade show exhibits,medical and computer equipment, high technology products and otherspecialized goods.
Global has transported NASA's telemetry equipment, manned spacecraft, lunarmovers and similar high-value cargoes. In the past, the company gainedwidespread acclaim as the "official Disneyland movers" and is now theofficial van line of the PGA of America. The company has handled thetransportation of the Mona Lisa; other famed Da Vinci art and inventionprototypes; rare Smithsonian Institution artifacts; the Shroud of Turin anda special exhibit from mainland China. Throughout its network of 500 agentsin the United States and around the world, Global has moved thousands offamilies. The company lives by its slogan "'Modern moving with oldfashioned care.'" "Our move to the OmniTRACS system is a testament to thatfact," Fleisher added.
"We selected the OmniTRACS system because we like the efficiencies of datacommunications over voice," Fleisher said. "We also found the OmniTRACSsystem to be the most cost effective, and it offers the best technicalsupport and the largest selection of operations software of any of itscompetitors. We believe that reduced phone costs and increased productivityalone will more than pay for our investment in the OmniTRACS system."
"Global's commitment to the OmniTRACS system is further evidence thatQualcomm is providing a vital tool to industry segments that rely oncritical, real-time data to communicate and improve operationalefficiencies," said John Sarto, vice president and general manager ofQualcomm's OmniTRACS division.
Qualcomm's family of OmniTRACS products include the OmniTRACS mobilecommunications and position reporting system; value-added applicationsoftware designed to enhance existing operations; business solutions andinformation management systems. Qualcomm has sold more than 165,000OmniTRACS units worldwide, with systems operating in the United States,Canada, Europe, Brazil, Mexico, Japan, Korea and Malaysia.
Headquartered in San Diego, Qualcomm develops, manufactures, markets,licenses and operates advanced communications systems and products based onits proprietary digital wireless technologies. The Company's primaryproduct areas are the OmniTRACS(r) system (a geostationary satellite-based,mobile communications system providing two-way data and position reportingservices), CDMA wireless communications systems and products and, inconjunction with others, the development of the Globalstar(tm) low-earth-orbit(LEO) satellite communications system. Other company products include theEudora Pro(tm) electronic mail software, VLSI components, and communicationsequipment and systems for government and commercial customers worldwide.
Except for the historical information contained herein, this news releasecontains forward-looking statements that are subject to risks anduncertainties, including those risks detailed from time to time in theCompany's SEC reports, including the report on Form 10-K for the year endedSeptember 24, 1995.
Qualcomm and OmniTRACS are registered trademarks of Qualcomm Incorporated.Globalstar is the trademark of Globalstar, L.P.Eudora is a registered trademark of the University of Illinois Board ofTrustees licensed to Qualcomm Incorporated.
July 25, 1996July 25, 1996